12/29/2003 - Spectrum Signal Processing Inc. (NASDAQ: SSPI / TSX: SSY), a leading provider of high performance solutions for wireless signal and packet-voice processing, announced that it has licensed its aXsTM.62X subsystem technology to UTStarcom on a non-exclusive basis. Spectrum expects to realize revenue from the licensing of this technology, last-time product sales, and maintenance and technical support in 2003 and the first half of 2004. UTStarcom also has the option to purchase engineering development services from Spectrum on an as-needed basis.
“Our arrangement with UTStarcom allows Spectrum to generate short-term revenue while pursuing the development of a new aXs product family. This next generation of aXs products will not incorporate Broadcom Corporation’s CALISTOTM technology, but another leading-edge processor,” stated Pascal Spothelfer, Spectrum’s President and CEO. “Our next-generation aXs products will be fully pin and code compatible with our current aXs.62X products, giving our customers a seamless migration path.”
“We are currently engaging customer prospects and existing customers such as UTStarcom with respect to our next generation product opportunities, however, we are also evaluating the future of our packet-voice group in the context of our strategic alternatives process,” Mr. Spothelfer added.
About aXs Packet-Voice Processing Subsystems
Spectrum’s aXs packet-voice processing subsystems are pre-programmed board-level products that perform voice and packet processing for high-density voice gateways. aXs solutions offer industry-leading call densities and are fully customizable to meet the specific requirements of gateway vendors.
About UTStarcom Inc.
UTStarcom is a global leader in IP access networking solutions and international service and support. The company sells its wireline, wireless, optical and switching solutions to operators in both fast growth and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in New Jersey, China, and India. For more information about UTStarcom, visit the company's Web site at www.utstar.com.
About Spectrum Signal Processing Inc.
Spectrum Signal Processing designs, develops and markets high performance wireless signal processing and packet-voice processing platforms for use in defense and communications infrastructure equipment. Spectrum’s optimized hardware, software and chip technology work together to collect, compress and convert voice and data signals. Leveraging its 17 years of design expertise, Spectrum provides its customers with faster time to market and lower costs by delivering highly flexible, reliable and high-density solutions. Spectrum subsystems are targeted for use in government intelligence, surveillance and communications systems, satellite hubs, cellular base stations, media gateways and next-generation voice and data switches. More information on Spectrum and its flexCommTM and aXs product lines is available at www.spectrumsignal.com.
flexComm and aXs are trademarks of Spectrum Signal Processing Inc. CALISTO is a trademark of Broadcom Corporation.
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